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forefront mortgage: ATTENTION LISTING AGENTS - 01/26/10 09:26 AM
OK, I normally try not to vent here. But I'm afraid that if I don't, the top of my hairless head may very well blow off. So here goes:
Attention Listing Agents!!! Attention Listing Agents!!!...
The slightest bit of professionalism would be greatly (and at this point, refreshingly) appreciated. You are not any busier than anyone else. We all have a million things to do. And the rest of us don't care what your office assistant is up to.
GOD, I feel better. Now here's what led up to my momentary meltdown. Yesterday, I was setting some showing appointments (say that … (6 comments)
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forefront mortgage: Southern California Home Prices Up in December - 01/19/10 03:05 PM
Southern California is seeing steady, month over month gains in housing appreciation. If you enjoy reading that as much as I do, I'll write it again, just so you don't have to go back.
Southern California is seeing steady, month over month gains in housing appreciation.
What is even more impressive is that these gains were realized in what has historically been two of the worst months for sales, November and December. The link below is from today's Los Angeles Times. Positive headlines are incrementally, but steadily showing up more and more. Keep your head's up. You just might see … (2 comments)
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forefront mortgage: FHA Finally Flips Out - 01/18/10 08:53 AM
How many of you have been out house hunting and seen some bank owned properties that look like this:
They are usually the ones that the "creative" REO agent describes with terms like " Needs a little TLC" or "Handyman's Delight". In reality, the description should be "Bring your own hand sanitizer. This ones a dump".
The problem is that if an investor buys that lil gem,fixes it up and sell it, he's labeled as a "flipper". In today's market that's equivalent to sporting a scarlet letter A from years past. The punishment for such a heinous act is that, as a … (4 comments)
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forefront mortgage: I Have A Dream Was Ad Libbed..And I'm Sure Glad It Was - 01/15/10 10:19 AM
Read The Time Magazine Account of The Historical Speech Here Several years ago, I heard George Raveling, former University of Iowa & USC basketball coach, give his fascinating, first hand account of the events prior to /during/ after one of our country's most important speeches. George Raveling was there, and in fact, owns the actual speech Martin Luther King read from on that day. What I find amazing about the speech is that it wasn't actually called "I Have A Dream" . In fact, those very words were never in the speech. A more in depth account by Time Magazine is … (1 comments)
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forefront mortgage: GOOD MORNING HOUSING INDUSTRY - 01/13/10 09:48 AM
MUSIC TO MY EARS Signs of life in the home-building industry - latimes.com Who would ever have thought it? The thrill of street closures, the sweet sounds of construction crews pounding away at what-the-hell o'clock in the morning and giant vehicles full of lumber&roof tiles...it's starting again, and it's music to my ears. The industry is waking up and new construction is popping up.This is just another sign that the housing market is gaining a foot hold in stability. … (0 comments)
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forefront mortgage: Attention Rocket Scientists - 01/07/10 07:00 PM
In a surprising move, The Federal Reserve of New York has apparently hired all forward thinking rocket scientists currently available in the U.S. Further proof of this was an article appearing in today's Wall Street Journal. To the shock of the banking world, home loan modifications are actually more successful when a permanent solution like...ohhh, I don't know...balance reduction is granted.
I know what you're thinking, "God, it must surely take those of superior intellect to come up with a solution we mere mortals couldn't !" Below is the article that backs up my Rocket Scientist proof:
http://blogs.wsj.com/developments/2010/01/04/ny-fed-most-successful-mortgage-modifications-reduce-borrowers-principal/
… (0 comments)
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forefront mortgage: Holiday Texing - 12/27/09 11:22 AM
Call me traditional(it sounds a lot better old-fashioned), but I don't get the generic, 'Merry Christmas...Hope The Season Brings You Great Joy", mass texed ( what IS the past tense of "text" anyway) messages. Other than an 800 number that would follow, there's not much difference between that and the company trying to sell me stock tips, siding, or the hot short sale property the out of area agent just listed.
Don't get me wrong, I appreciate a simple card, call or email. 'Even if the card is just signed. At least I know the sender put a moment's effort into signing … (3 comments)
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forefront mortgage: Is TARP A Good Idea & Does Sarah Palin Annoy You... - 12/24/09 10:00 AM
...Personally, the answers are "Could Be" and "Like A Mosquito Bite In the Middle of My Back"
TARP profit at least $16 bln so far: Treasury - MarketWatch
Don't look now, but TARP ( Troubled Asset Relief Program) is getting re-paid, and may actually turn a profit! Before I go any further, let me give my normal disclaimer here: I am not a bleeding heart liberal, nor did I vote for Obama. BUT, I am also not a Limbaugh-Palin-Beck, arch-conservative either. I happen to think good ideas can come from either side of the aisle. Blasphemy, huh? As it remains to this … (1 comments)
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forefront mortgage: IT LOOKS LIKE SANTA HAS A FEW MORE STOPS TO MAKE - 12/22/09 12:10 PM
Dear Santa,
Please see the link below:
Tax credit spurs rush of November home buyers - MarketWatch
I really hope Rudolph and The Boys are rested, 'cause it looks like you have a lot more stops to make.
Because there has been no viable alternative, I have been a supporter of the First Time Home Buyers Tax Credit, and now The Extension. Naysayers will immediately point to the raw cost of this program, and they have a point. But the link shows, the tax credit is motivating people to buy.
Perhaps just as importantly, the tax credit is also generating … (0 comments)
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forefront mortgage: IT SUCKS LESS - 12/16/09 09:29 AM
Home prices continue to rise in The Inland Empire and Southern California. If you live in Upland or Riverside, or Rancho Cucamonga (yes , there really is a place called Rancho Cucamonga) read that first sentence out loud. Recovery won't happen over night, unless it's a month's worth of Alaska winter nights. But housing is starting to recover. And the psychology of recover is every bit as important as any other aspect. Yes, short sale lenders are going to continue to be a giant pain in the assets. And no, that REO listing agent probably won't call you back. But look … (1 comments)
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forefront mortgage: Ohhhh Nooooo!!! Not More Good News!!! - 11/25/09 01:22 PM
The following good news is brought to you by The Los Angeles Times and Forefront Real Estate. Don't look now, but new home prices in Southern California, The West, and everywhere else are also unmistakably on the rise. In today's market, it's actually OK have a little optimism. I'm not suggesting to run out and bet the farm on 2010 being the best year on record. But we've all been beaten down by dour headlines and predictions. Have a look at the article and graph below. But be careful, it may make you smile.
New US home sales rise 6.2% -- … (0 comments)
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forefront mortgage: DO NOT READ THIS IF YOU WANT BAD NEWS - 11/23/09 10:16 AM
U.S. home sales rise more than expected. Let me type that one more time, just 'cause it feels good. U.S. home sales rise more than expected. While we are far from seeing the end of the crisis at hand, we are seeing the beginning of the end. Headlines like the one from Marketwatch.com ARE important. Public confidence is, in part, lost and gained by them. So if you want a pessimistic view on this Monday morning, DO NOT CLICK the link below: DO NOT CLICK HERE FOR BAD NEWS. DON'T DO IT!! IT WILL MAKE YOUR DAY BETTER!!! … (0 comments)
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forefront mortgage: STRATEGIC DEFAULTS BY THE NUMBERS - 11/22/09 11:10 AM
I found the following article about strategic defaults in today's Los Angeles Times. It sheds some realistic light on this sector of our crisis. What I find most interesting is that there are actually less strategic defaults than most people have previously thought. In that Southern California has one of the largest losses of equity in the country, it will be interesting to see how this segment recovers.
Click here to read the full Los Angeles Times article.
… (0 comments)
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forefront mortgage: REMEMBER WHEN? - 11/18/09 09:32 AM
Nostalgia is a good thing. One of the things about nostalgia is that it tends to come back around. See if you remember these gems:
Homes had owners in them Cash offers were accepted...quickly Listing agents lived in the same city as their listing Asset managers were guys that handled money, not homes When someone said REO, you first thought of a great rock band of the '80's Short sale negotiators didn't exist Fannie & Freddie were funny names of companies most people never heard of Purchase contracts got a Counter Offer, not a bank addendum Voice mails were returned You bought … (2 comments)
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forefront mortgage: SOUTHERN CALIFORNIA HOME PRICES CLIMB AGAIN IN COTOBER... L.A. Times - 11/17/09 04:33 PM
As our market continues to calm, Southern California is seeing the beginning of home appreciation again. Are things all better now? Of course not. And there are those who will say it's only a temporary spike. Or others that will some how blame The First Time Buyer Tax Credit Extension for skewing the numbers. Personally, I am glad to find and share good news. We have forgotten that a large part of any market's decline or rise is based on emotion and confidence. Headlines have a way of building on themselves either way. So please take a moment and click the … (0 comments)
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forefront mortgage: HVCC - The Smoking Gun, Andrew Cuomo is the beneficiary of AMC AMCO. - 11/14/09 02:28 PM
In re-blogging Gregg's post, I did get his permission first. The reason for re-blogging is the importance of repealing HVCC. This is Andrew Cuomo's law that has stymied the ability to get accurate,cost effective appraisals.
The more places this blog appears, the better. Please take the time to click on the links that will direct you to your U.S. Senators, and let them know you want HVCC repealed.
Via Gregg Wynn, Broker/Appraiser, CA DRE# 1186381 (Absolute Real Estate & Appraisals):
Did you know that Andrew Cuomo, the New Yorks Attorneys General, the genius who invented HVCC is himself involved with an Appraisal Management Company? … (2 comments)
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forefront mortgage: POP QUIZ TIME...DID YOU STUDY? - 11/12/09 05:37 PM
Ladies and Gentlemen.... Professor Palmer here. Welcome to my class:
Head Scratching 101; An Abbreviated History Of Short Sale Lenders.
Because today is the first day of class, I'd like to get a better feel for all those in attendance by giving you a pop quiz!! So here goes.
Q: If you were an existing 1st mortgage on a short sale property that is worth $425,000 (value as determined by a BPO you ordered four months ago),vacant,county land, 30% of the home not built to code, on septic would you:
A: Jump at an all cash offer that not only paid your your entire amount of … (1 comments)
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forefront mortgage: WHITNEY HOUSTON, THE NATIONAL ANTHEM, BASKETBALL AND GOOSE BUMPS - 11/11/09 08:04 AM
For those of you old enough to remember Whitney Houston singing The Star Spangled Banner during The Super Bowl, it's one of the versions you never forget. For those of you that might never have seen it, take a moment and watch this clip:
As a hobby, I referee high school basketball. More than all the other privileges it allows me, the single greatest is that at least 35-40 times a season, I get to stand with a gym full of people, proudly face our flag and listen to a rendition of The National Anthem. To this very day and after … (0 comments)
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forefront mortgage: HOME BUYER TAX CREDIT EXTENSION; Q & A - 11/09/09 07:53 AM
The extension of The First Time Buyers Tax Credit is now here. There are a lot of questions as to what may/may no be included. The National Association of Home Builders has put together a rather helpful site. I found this after watching a Think Big, Work Small video this morning. Here's the link for the Q &A:
There are many that are on either side of Home Buyer Tax Credit debate. As I've stated here, I am for it. While I'm not usually in favor of subsidies, this market is far from usual. The inherent difference in this credit is that … (2 comments)
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forefront mortgage: FUZZY MATH... THE TAX CREDIT COSTS TAXPAYERS $48,000 PER HOME...HUH? - 11/05/09 08:05 AM
Some people are in favor of the extension of the Home Buyer Tax Credit, and some are not. I completely understand varying view points on "stimulus" money. "Stimulus", by the way, may be the single most over used word of this decade.
Anyway, let me say that I am for the Homebuyer Tax Credit. Let me also say that by no means am I a tax & spender. BUT this stimulus is already working. People ARE buying homes. So people DO hire contractors, go to Home Depot, buy carpet and so on. Of all the corporate, dead end, counter productive bail … (6 comments)
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Pat Palmer-Realtor, Upland, CA 91786
Upland,
CA
More about me…
Forefront Real Estate/ Forefront Mortgage
Address: 3175-E Sedona Ct., Ontario, CA, 91764
Office Phone: (909) 581-6018
Cell Phone: (909) 286-1301
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